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Home My WebLink AboutCC AG PKT 2013-12-09 #ITO: Honorable Mayor and City Council 1 0 V 84 FROM: Sean P. Crumby P.E., Director • Public Works Staff is requesting that the City Council adopt Resolution No. 6426 approving the submittal of the yearly expenditure report to Orange County Transportation Authority (OCTA) for Measure M2 Eligibility. WM k W&1114 In November of 1990, the voters of Orange County approved Measure M, the Revised Traffic Improvement and Growth Management Ordinance. Measure M created a fund for transportation improvements to mitigate traffic impacts generated by existing and proposed development. Measure I\A authorizes the imposition of an additional half-cent retail transaction and use tax for a period of twenty (20) years. In November of 2006, Measure M was renewed by the voters of Orange County for an additional twenty (20) years, and is now known as Measure M2. Funds identified as Measure M2 "turnback" funds are used on local and regional transportation improvement and maintenance projects. Other Measure M funds, for transportation related projects, are made available through several competitive programs included in the Combined Transportation Funding Program (cTFP). To be eligible to receive Measure M2 "turnback" and CTFP funds, the City must satisfy the below requirements annually and/or biannually: 1. Demonstrated compliance with the County's Congestion Management Program; 2. Maintained a mitigation impact fee schedule; 3. Adopted a seven-year Capital Improvement Program that includes all transportation projects funded partially or wholly by Measure M dollars; 4. Adopted and adequately funded a Local Pavement Management Plan (PMP); Agenda 5. Adopted a Traffic Demand Management Ordinance; 6. Satisfied Maintenance of Effort (MOE) Requirements; 7. Agreed to expend all Measure M revenues within three (3) years of receipt; and 8. Year -end expenditure report. This year, the City of Seal Beach successfully subrnitted the above items to OCTA by the required annual deadline of June 30, 2013, except for the Year -end expenditure report. The City of Seal Beach is required to submit the year -end expenditure report by December 31, 2013. This report summarizes all Measure M2 expenditures for the prior fiscal year. A copy of the report is attached. By approving said report, it will allow the City to continue to receive OCTA Measure M2 funds. ENVIRONMENTAL IMPACT: There is no environmental impact related to this item. LEGAL ANALYSIS: The City Attorney has reviewed and approved as to form. FINANCIAL IMPACT: Currently, the City receives approximately $369,931 in Measure M "turnback" funds annually. Additionally, the City of Seal Beach remains eligible to receive funding for the numerous competitive grants secured within Measure M2. RECOMMENDATION: It is recommended that the City Council adopt Resolution No. 6426 approving the submittal of the yearly expenditure report to OCTA for Measure M2 Eligibility. /100,00, Full NOTED AND APPROVED: PIN "1-44 V 5Z. • 1 . • - Prepared by: David Spitz, P.E. Associate Engineer Attachments: A. Resolution No. 6426 B. Yearly Measure M2 Expenditure Report Page 2 RESOLUTION NUMBER 6426 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF SEAL BEACH WHEREAS, Local Transportation Authority Ordinance No. 3 requires local jurisdictions to adopt an annual Expenditure Report to account for Net Revenues, developer /traffic impact fees, and funds expended by local jurisdiction which satisfy the Maintenance of Effort requirements; and WHEREAS, the Expenditure Report shall include all Net Revenue fund balances, interest earned and expenditures identified by type and program or project; and WHEREAS, the Expenditure Report must be adopted and submitted to the Orange County Transportation Authority each year within six months of the end of the local jurisdiction's fiscal year to be eligible to receive Net Revenues as a part of Measure M2. THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1. The Measure M2 Expenditure Report is in conformance with the M2 Expenditure Report Template provided in the Renewed Measure M Eligibility Guidelines and accounts for Net Revenues including interest earned, expenditures during the fiscal year and balances at the end of fiscal year. Section 2. The M2 Expenditure Report is hereby adopted for the City of Seal Beach. PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 9th day of December, 2013 by the following vote: AYES: Council Members NOES: Council Members ABSENT: Council Members ABSTAIN: Council Members Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution Number 6426 on file in the office of the City Clerk, passed, approved, and adopted by the City Council at a regular meeting held on the 9th day of December , 2013. City Clerk City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2013 Beginning and Ending Balances Description Line No. Amount Balances at Beginning of Fiscal Year ;M2 Fairshare :-------------------------------------- 1 $ 222,980 - - - - -- _._.._... 'M2 Fairshare Interest _..-------------------------------------- --..______-- ____._-.._ -___ ----- - - - --- 2 -- -___ --------- - - - - -- ------- ___..___- __- :.-- _- ..._.. -__. ;M2 CTFP - ., --- -- -- -- ----- - ------------- ---------- ---- - ---- ------- - --- ----- 3 - - - - -- ------------- - - - - -- W2 CUP Interest 4 - .---- - - - -- ------ - - -- ---- - - - - -- -- - - - - -- - - -___. ____._.____. ;Other M2 Funding ------------------.._-_....--.__--.___--___._-_._. ------------------- 5 - .___w.. .. - - - -- $ 53,962 Other M2 Interest .... 6 ------------------------ . -___--______________________________ _____ ____ __________ _________ ___ ;Other* ______ 7 __ _____ __________ _ _____ ..................... _...... _________................. _---------- _____ Balances at Beginning of Fiscal Year (Sum Lines 1 to 7) ----------------- - - - - -- ---------- - - - - ----- - - - --- _--- ----- - - - - -- _ _____ 8 -- - -_--_ _ __.--- _- __-- _-- _________ $ 276,942 -- ---------------------- ;Monies Made Available During Fiscal Year ------- - - - - -- 9 $ 438,084 Total Monies Available (Sum Lines 8 & 9) 10 $ 715 026 c.___-. - _______p ________________ ____.___-__-___._ __- .__-- _-- .---- _____- :Ex enditures During Fiscal Year __- -___ -_ 11 __-__ ---------------- $ 93,830 ........... -------------- I._._......._.._....__.._.__ -- ----- - - - - -- Balances at End of F_iscal __Year ___ .. .. _ ...... ___________________. ,M2 Fairshare 12 $ 499,081 - -- -- - - - - -- ------------- - - - - - - -- :M2 Fairshare Interest -- - - - - -- 13 - - - - - -- ----- - - - - -- $ 1,456 ---------------------------------------------------------------------------------•------------- M2 CUP 14 $ 10,671 ----,---------------------------..___. ._--- __-------- .----- ____ - - - - -_ :M2 CTFP Interest ----- _- _- 15 _.._._--- _--- __________.._. -------- __________________ M____.._.__ ------------ .------------- ............ ;Other M2 Funding --------------------------- ------------------------------------------ 16 --,------------------------ _..- __-- _...______......... $ 109,988 . ;Other M2 Interest 17 ------------------------------------------------ .---------------- Other* . ------- __ 18 ------------------- * Please provide a specific description CUP - Combined Transportation Funding Program Schedule 1 Revision No. 1 4/9/13 City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2013 Sources and Uses Description ------ ---- ........ ---------------- 11�i2,Fairshare 1 --- - - ---- -------- $ 369,931 ----------------- --------------------- .......... W2 Fairshare Interest --------------------- ............ 2 ----------- -------- $ 1,456 I ---------- - .... ------ M2 CTFP ---------------------------- ........... 3 $ 10,671 ------- W2 CTFP Interest 4 --------------------- --- ------ --------------- :Other M2 Funding 5 1 560 26 , ............ ....... :Other M2 Interest 6 ------------------ -------------------------------- ...... :Other* — --- 7 ---- TOTAL REVENUES (Sum lines 1 to 7) 8 $ 438,084 Expenditures: ---------- --- _________ _____ __ ___ _y_ ........ ------ W2 Fairshare 9 $ 93,830 2 Fairshare Interest 10 . ------------------------- ............... ........... M2 CTFP ............................... ......... ......... ........ 11 ........ ............. ....... ...... W2 CTFP Interest ------------ ------ -------- I --------- 12 --- ------- 'Other M2 Funding ............. ............. ...... 13 .............. :Other M2 Interest I 14 ---------- ......... ........... ........ ;Other* ...... is TOTAL EXPENDITURES (Sum lines 9 to 151 16 5 93,8301 ITOTAL BALANCE (Subtract line 16 from 8) 1 17 1 $ 344,254 * Please provide a specific description Schedule 2 Revision No. 1 4/9/13 O Ln LL. 0 o N 131 (U UJ x LLJ LL 41 4� tA 5 m 0) co Ln a) E O w cr fl acr E 0 o 'o _0 COL .1 -0 M C U 0 Z c 0 tY N r-j r� M, m Ln Lr) r-4; r4: 'o r- L 05 LD 4- C) r- Lr) (7) ; (7): ; : 'N r.4 ,: � 00 � LD: co co Lr) r,4 N1 r- . 't � m m <n� r- , m fn 06 rl:,� GF� 06:, Lfli: -IF 4 d' d:: ry�! Lr' 6' 06 " H. rl . Lf); Lo t ": rj V Ln (n: rn: rn; rl o r- M Lr) z r,4 n; L11 Lrj gym: : -I: r4 E (I to v., V1 'A/ -': -V} -JT tn Ln, Ln Ln -,-I rn; fl� Ll� Lr :: Ln r4 cr m Lnt (n Ln :tD Ni 00 f4 O COL. LL F4 V m at (D 00 00 m 00 U. pq r4 (D i N $ ' r4 rq U)� Ln .2 rl C-4 r4; U) rN: u): Ln Ln r1l L, m 00 00 rq; 00 v): to= Ln Cl oli j H C) U) o uj o M m Lr) : .a) o rn M; r, r-4 m Lr, Ln m Ln Lr, Liz r4; M: �T ai 14 C'4: M 1* Ln: �o r- 00 M In c CL x LU imiu�o;��M� Ca i 3: 0 :�L. — U U, — M :j w CL :5, a T Q): d o2i: Q.- E 03 r ' 0� E E: .c (A: L/) rL, v): U), cr i c 5i -:2�f O. 0 LA cn, 0 0 u t 'o 0 a) E O w cr fl acr E 0 o 'o _0 COL .1 -0 M C U 0 Z c 0 tY City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2013 Fairshare Project List PROJECT NAME AMOUNT EXPENDED ST1103 - Local Street Resurfacing Program .............. --------------- -- .... ----------- ---------- ------ ------------- ------ ---------- -------------- 11 --------- ----------- ------------ ----------------- ------ ------------------------- ----------- ------- --------------- I ---------- -------------------------------- ............... ......... --------------------- I ---------------------------- — --------- ----------------------- � -------------- ............ 11 �, ----- ----------- -------- ---------------------- ............ ------ ------- ---------------------------------------------- -------------- ------------------------- ------ --------------- ----- --- .................. ....... 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I.— ------- --------------- ......... ------------------_----- I $93,830 -------- — ----------------- --- — ....... ---- I ------ I ............. ----------- ---------- I ------- � I � � 11 - - � ...... ------ ........... ------- -------------- � - ------- ------------- ----------- ------------- - ----- - -- -------- ...... ------------ ...... ------------------ ............. - -------- ------------------ -------------------- - ---------- ------ ------ ------ --------- ------ ------ ......... -------------- ------------ --------------- -.1-1-- --- — ......... I $ Schedule 4 Revision No. 1 4/9/13 City of M2 Expenditure Report Fiscal Year Ended June 30, 20D- UM�M I certify that the interest earned on Net Revenues allocated pursuant to the Ordinance shall be expended only for those purposes for which the Net Revenues were allocated and all the information attached herein is true and accurate to the best of m --�nowledge: y _ Director of Finance 'r Revision No. 1 4/9/13